Lack of clarity in GST forms, traders worried

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Lack of clarity and difficulties in furnishing series of new details asked in the annual return form under Goods and Services Tax (GST) are seen resulting in mismatches and record notices to taxpayers, chartered accountants and tax experts said.

Plethora of information demanded in GST annual return form that has about 19 tables raised worries of dealers apprehending to be slapped with notices in case of mismatches. Many dealers are delaying filing the annual return forms due to ambiguity on data demanded in annual return that does not allow any rectification ones it is filed. The last date for filing the annual return is June 30.

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